McCormick, US5797802064

TD Cowen cuts target for McCormick stock from USD 55.00 to USD 48.00

Published on 10/06/2026 at 13:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EPS reached USD 0.86 against USD 0.76 expected. McCormick stock costs EUR 40.59 on October 6, 2026 versus EUR 40.60, minus 0.02 percent.

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McCormick was trading at EUR 40.59 at Lang & Schwarz on October 6, 2026 at 1:13 p.m. CEST, with a minus 0.02 percent change versus the EUR 40.60 prior close. On October 2, 2026, TD Cowen cut its price target for McCormick from USD 55.00 to USD 48.00 while maintaining a Hold rating, as Investing.com reported.

Third-quarter results beat expectations

McCormick reported third-quarter 2026 net sales of USD 2.02 billion, up 17.40 percent from the year-earlier period, according to its October 1, 2026 release. Organic sales growth was 1.90 percent, showing that acquisition contribution accounted for much of the reported expansion.

Adjusted earnings per share reached USD 0.86, compared with USD 0.85 in the third quarter of 2025 and USD 0.76 expected by analysts. The USD 0.10 difference versus consensus equaled a 13.16 percent earnings surprise, while adjusted operating income rose 22.10 percent to USD 358.50 million, according to McCormick.

Margin gains meet inflation pressure

The company reported a third-quarter gross profit margin of 39.30 percent, an expansion of 190 basis points from the prior-year quarter. Adjusted operating income margin reached 17.70 percent, up 70 basis points, but higher commodity, freight and packaging costs remain a counterweight to the margin improvement.

McCormick reaffirmed fiscal 2026 net sales growth guidance of 13.00 percent to 17.00 percent, adjusted operating income growth of 16.00 percent to 20.00 percent and adjusted earnings per share of USD 3.05 to USD 3.13. Its cost inflation outlook rose to 6.00 percent to 7.00 percent, according to the October 1, 2026 company release.

Analysts weigh volume risks

TD Cowen cited volume weakness in the Americas and rising inflation when it reduced the target to USD 48.00. MarketBeat separately reported on October 2, 2026 that Barclays cut its target from USD 55.00 to USD 47.00 and kept an Equal Weight rating, while five analysts held Buy ratings and eight held Hold ratings.

The contrast is clear: McCormick delivered a 22.10 percent increase in adjusted operating income, yet analyst targets moved lower as volume and cost risks gained importance. For investors, the next test is whether productivity savings can offset inflation while acquisition-led sales growth becomes less dominant.

Dividend date adds a cash return

McCormick declared a quarterly dividend of USD 0.48 per share on September 24, 2026, payable October 26, 2026, to shareholders of record on October 13, 2026.

McCormick stock holds near its yearly low

McCormick stock had a market capitalization of USD 12.2 billion as of October 5, 2026. The primary-exchange quote was USD 45.54 at 4:00 p.m. ET on October 5, 2026, with a 52-week range of USD 43.25 to USD 72.41; the Lang & Schwarz euro quotation uses a separate venue and currency.

At Lang & Schwarz, McCormick was trading at EUR 40.59 on October 6, 2026 at 1:13 p.m. CEST, versus the EUR 40.60 prior close, a minus 0.02 percent change. The further course of trading is shown by the continuously updated real-time quote of McCormick stock.